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CARGO CARRIERS LIMITED - Revised Trading Statement

Release Date: 26/05/2017 17:41
Code(s): CRG     PDF:  
Wrap Text
Revised Trading Statement

CARGO CARRIERS LIMITED
(Registration Number 1959/003254/06)
Share code: CRG
ISIN: ZAE000001764
("Cargo Carriers" or "the Company")


REVISED TRADING STATEMENT


Further to the Trading Statement released on SENS on 4 April 2017, shareholders are
referred to the more specific, but revised guidance regarding the expected earnings
per share (“EPS”) and headline earnings per share (“HEPS”) for the year ended
28 February 2017.

EPS, including discontinued operations, is expected to be between 106 cents per
share and 119 cents per share, being an increase of between 6.2% and 19.2% on the
99.8 cents per share reported for the financial year ended 29 February 2016.

HEPS is expected to be between 44 cents per share and 50 cents per share, reflecting
a decrease of between 57.1% and 51.2% on the 102.5 cents per share reported for
the financial year ended 29 February 2016.

The discontinued operations relate to the sale of Cargo Carriers’ 55% shareholding in
its Zambian subsidiary.

The financial information on which this trading statement is based has not been
reviewed and reported on by the Company’s auditors, Ernst & Young Inc.

Johannesburg
26 May 2017

Sponsor
Arbor Capital Sponsors Proprietary Limited

Date: 26/05/2017 05:41:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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